INNOVATIVE INDUSTRIAL PROPER (IIPR)
US45781V1017 - REIT
IIPR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. IIPR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IIPR is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make IIPR a good candidate for value investing.
1. Profitability
1.1 Basic Checks
IIPR had positive earnings in the past year.
In the past year IIPR had a positive cash flow from operations.
IIPR had positive earnings in each of the past 5 years.
Each year in the past 5 years IIPR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.66%, IIPR belongs to the top of the industry, outperforming 97.66% of the companies in the same industry.
The Return On Equity of IIPR (8.20%) is better than 82.03% of its industry peers.
IIPR has a Return On Invested Capital of 6.11%. This is amongst the best in the industry. IIPR outperforms 96.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IIPR is above the industry average of 3.08%.
The 3 year average ROIC (5.81%) for IIPR is below the current ROIC(6.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 8.2% | ||
| ROIC | 6.11% |
ROA(3y)6.16%
ROA(5y)5%
ROE(3y)7.68%
ROE(5y)6.24%
ROIC(3y)5.81%
ROIC(5y)4.73%
1.3 Margins
IIPR has a Profit Margin of 51.34%. This is amongst the best in the industry. IIPR outperforms 96.88% of its industry peers.
In the last couple of years the Profit Margin of IIPR has grown nicely.
Looking at the Operating Margin, with a value of 56.05%, IIPR belongs to the top of the industry, outperforming 94.53% of the companies in the same industry.
In the last couple of years the Operating Margin of IIPR has grown nicely.
With an excellent Gross Margin value of 90.98%, IIPR belongs to the best of the industry, outperforming 92.97% of the companies in the same industry.
In the last couple of years the Gross Margin of IIPR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.05% | ||
| PM (TTM) | 51.34% | ||
| GM | 90.98% |
OM growth 3Y-1.83%
OM growth 5Y9.51%
PM growth 3Y-1.28%
PM growth 5Y7.19%
GM growth 3Y-1.33%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
IIPR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, IIPR has more shares outstanding
Compared to 5 years ago, IIPR has more shares outstanding
IIPR has a worse debt/assets ratio than last year.
2.2 Solvency
IIPR has an Altman-Z score of 2.92. This is not the best score and indicates that IIPR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IIPR (2.92) is better than 97.66% of its industry peers.
The Debt to FCF ratio of IIPR is 1.59, which is an excellent value as it means it would take IIPR, only 1.59 years of fcf income to pay off all of its debts.
IIPR's Debt to FCF ratio of 1.59 is amongst the best of the industry. IIPR outperforms 99.22% of its industry peers.
IIPR has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
IIPR has a Debt to Equity ratio of 0.15. This is amongst the best in the industry. IIPR outperforms 98.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 2.92 |
ROIC/WACC0.72
WACC8.51%
2.3 Liquidity
A Current Ratio of 1.04 indicates that IIPR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.04, IIPR is doing worse than 60.16% of the companies in the same industry.
A Quick Ratio of 1.04 indicates that IIPR should not have too much problems paying its short term obligations.
IIPR has a Quick ratio (1.04) which is comparable to the rest of the industry.
IIPR does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
IIPR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.50%.
The Earnings Per Share has been growing by 52.05% on average over the past years. This is a very strong growth
IIPR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.36%.
The Revenue has been growing by 83.69% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-4.5%
EPS 3Y21.46%
EPS 5Y52.05%
EPS Q2Q%-5.52%
Revenue 1Y (TTM)3.36%
Revenue growth 3Y38.34%
Revenue growth 5Y83.69%
Sales Q2Q%-1.67%
3.2 Future
The Earnings Per Share is expected to decrease by -0.21% on average over the next years.
IIPR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.75% yearly.
EPS Next Y-1.54%
EPS Next 2Y-0.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.61%
Revenue Next 2Y1.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.74, IIPR is valued correctly.
IIPR's Price/Earnings ratio is rather cheap when compared to the industry. IIPR is cheaper than 89.84% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.54, IIPR is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.24, IIPR is valued correctly.
Based on the Price/Forward Earnings ratio, IIPR is valued cheaper than 98.44% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.99, IIPR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.74 | ||
| Fwd PE | 12.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIPR is valued cheaply inside the industry as 92.19% of the companies are valued more expensively.
90.63% of the companies in the same industry are more expensive than IIPR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.63 | ||
| EV/EBITDA | 8.79 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.24
EPS Next 2Y-0.21%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.97%, IIPR is a good candidate for dividend investing.
The stock price of IIPR dropped by -48.20% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
IIPR's Dividend Yield is rather good when compared to the industry average which is at 16.05. IIPR pays more dividend than 84.38% of the companies in the same industry.
IIPR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.97% |
5.2 History
On average, the dividend of IIPR grows each year by 35.88%, which is quite nice.
IIPR has been paying a dividend for over 5 years, so it has already some track record.
IIPR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)35.88%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
IIPR pays out 131.41% of its income as dividend. This is not a sustainable payout ratio.
IIPR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP131.41%
EPS Next 2Y-0.21%
EPS Next 3YN/A
INNOVATIVE INDUSTRIAL PROPER
NYSE:IIPR (12/24/2024, 8:20:49 PM)
After market: 70.66 +0.31 (+0.44%)70.35
-0.1 (-0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.54%
Inst Owner Change0.54%
Ins Owners1.48%
Ins Owner Change0%
Market Cap1.99B
Analysts78.46
Price Target138.11 (96.32%)
Short Float %5.05%
Short Ratio6.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.97% |
Dividend Growth(5Y)35.88%
DP131.41%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.15%
Min EPS beat(2)-7.16%
Max EPS beat(2)0.86%
EPS beat(4)2
Avg EPS beat(4)-3.05%
Min EPS beat(4)-7.16%
Max EPS beat(4)1%
EPS beat(8)6
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)-0.49%
EPS beat(16)10
Avg EPS beat(16)-0.69%
Revenue beat(2)1
Avg Revenue beat(2)-1.19%
Min Revenue beat(2)-3.05%
Max Revenue beat(2)0.66%
Revenue beat(4)2
Avg Revenue beat(4)-1.73%
Min Revenue beat(4)-6%
Max Revenue beat(4)1.45%
Revenue beat(8)5
Avg Revenue beat(8)-0.05%
Revenue beat(12)8
Avg Revenue beat(12)0.04%
Revenue beat(16)11
Avg Revenue beat(16)0.13%
PT rev (1m)-0.29%
PT rev (3m)-0.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.61%
EPS NY rev (1m)-3.41%
EPS NY rev (3m)-3.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.46%
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.74 | ||
| Fwd PE | 12.24 | ||
| P/S | 6.41 | ||
| P/FCF | 10.63 | ||
| P/OCF | 7.47 | ||
| P/B | 1.02 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 8.79 |
EPS(TTM)5.52
EY7.85%
EPS(NY)5.75
Fwd EY8.17%
FCF(TTM)6.62
FCFY9.4%
OCF(TTM)9.41
OCFY13.38%
SpS10.98
BVpS68.71
TBVpS68.41
PEG (NY)N/A
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 8.2% | ||
| ROCE | 7.73% | ||
| ROIC | 6.11% | ||
| ROICexc | 6.53% | ||
| ROICexgc | 6.65% | ||
| OM | 56.05% | ||
| PM (TTM) | 51.34% | ||
| GM | 90.98% | ||
| FCFM | 60.28% |
ROA(3y)6.16%
ROA(5y)5%
ROE(3y)7.68%
ROE(5y)6.24%
ROIC(3y)5.81%
ROIC(5y)4.73%
ROICexc(3y)6.1%
ROICexc(5y)5.03%
ROICexgc(3y)6.13%
ROICexgc(5y)5.05%
ROCE(3y)7.36%
ROCE(5y)5.98%
ROICexcg growth 3Y22.2%
ROICexcg growth 5Y31.49%
ROICexc growth 3Y22.09%
ROICexc growth 5Y31.39%
OM growth 3Y-1.83%
OM growth 5Y9.51%
PM growth 3Y-1.28%
PM growth 5Y7.19%
GM growth 3Y-1.33%
GM growth 5Y-0.98%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 113.78% | ||
| Cap/Sales | 25.49% | ||
| Interest Coverage | 11.15 | ||
| Cash Conversion | 109.33% | ||
| Profit Quality | 117.41% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 2.92 |
F-Score5
WACC8.51%
ROIC/WACC0.72
Cap/Depr(3y)904.7%
Cap/Depr(5y)1722.79%
Cap/Sales(3y)190.99%
Cap/Sales(5y)359.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.5%
EPS 3Y21.46%
EPS 5Y52.05%
EPS Q2Q%-5.52%
EPS Next Y-1.54%
EPS Next 2Y-0.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.36%
Revenue growth 3Y38.34%
Revenue growth 5Y83.69%
Sales Q2Q%-1.67%
Revenue Next Year0.61%
Revenue Next 2Y1.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.75%
EBIT growth 3Y35.81%
EBIT growth 5Y101.16%
EBIT Next Year39.74%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y136.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.74%
OCF growth 3Y32.12%
OCF growth 5Y74.71%